Before you can apply for a loan, you often want to look up information yourself. This is being made easier for you by the websites of the various financial institutions. However, you can also use a credit simulator, so you have all the information you need in one handy overview. To make a simulation of your credit, you can enter your details at simulat loans.
Different types of credit
Different types of loans can be requested, for example a mortgage loan, a micro credit or a revolving credit. Each of these forms has its own rules, rights and duties. Because of all these different provisions you can easily lose the overview. In addition, all these different credits also have a different purpose. By means of a credit simulator you can see which credit you can apply for and for what purpose.
What does a credit simulator do?
A credit simulator is a handy calculator that makes it easy to see a complete overview of your options. By bundling all the provisions of the credits, this calculator knows exactly what type of credit you are looking for based on the data you have entered. In addition, it also shows how much credit you can request and what the monthly charges are.
What information does the credit simulator request?
In order for the credit simulator to work properly, it is first of all important that you enter your net monthly income. In addition, you can choose whether or not to include your partner’s income in the calculation, if this is relevant. Another question that the simulator asks you is whether you also enjoy other forms of income. In most cases you can also indicate how much you wish to continue saving per month. Just like the amount of the fixed costs that you currently have. Other data that you can enter with the simulator are whether you or your partner are obliged to pay alimony and whether you have payments in progress. The simulator also asks if there are rent or mortgage costs that will not be lost.
After the credit simulator
If you have entered all of the above information, the credit simulator can do its work. All these data together give a specific picture of your situation. The outcome of the credit simulator gives you insight into how much credit you can request and how high the monthly interest and repayment charges are for you. On the basis of this information you can always choose to make an appointment with a specialist. During these conversations your personal situation will be looked at even deeper to provide you with good advice.